Guatemala: Economic activity edges higher in November
Economic activity rose 0.17% on a monthly basis in November, according to Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica). November’s rise was a deceleration from October’s upwardly revised 0.34% increase (previously reported: +0.29% month-on-month).
On an annual basis, economic activity grew 3.0%, ticking up from October’s 2.9% reading. November’s reading was largely due to growth in retail and wholesale trade, as well as in the services and manufacturing sectors. Moreover, annual average growth in economic activity was stable from a month earlier at 3.1%.